Russia’s inflation to stand at six and a half percent in 2011

“We hope that the inflation rate will be lower than that we forecast earlier and will be closer to its lower bound,” Andrei Klepach said

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Photo ITAR-TASS

MOSCOW, December 12 (Itar-Tass) — Russia’s inflation will reach 0.6 percent in December and 6.2-6.5 percent this year in general, Deputy Economic Development Minister Andrei Klepach told reporters on Monday.

“We hope that the inflation rate will be lower than that we forecast earlier and will be closer to its lower bound,” he said.